Technical analysis by kalayciatilla1 about Symbol PAXG: Buy recommendation (2/4/2025)

Gold prices are continuing a strong upward trend. A small **pennant formation** has formed, which is usually a sign that the trend will continue. 📌 **Highlights:** - The price is moving upwards, it seems to have taken a small break. - If the pennant breaks upwards, the target area may be around $2,853 (Fib 0.618 level). - It is necessary to follow the $2,793 (Fib 0.5) level as the support area. 📈 Possible Scenarios: ✅ If the pennant breaks upwards, a movement towards the 2,850 area can be expected. ⚠️ If there is a downward break, the price may pull back towards the 2,793 level. It is currently approaching the decision moment, it is important to follow the direction of the breakout! 🚀